Accounting disclosure of division of a firm
This query is : Resolved
20 August 2011
Can any one tell me the Accounting Disclosure of the Division of a firm.
My Query Is...
If i have maintained separate accounts for both division & a firm.
Then at time of Preparing the Balance-sheet.
Should I Treat it as a separate Branch & then consolidate the balance-sheet or just shown firm & a single firm balance-sheet.
Plz if anyone have detailed knowledge about it..
Plz reply me ASAP.
My Query Is...
If i have maintained separate accounts for both division & a firm.
Then at time of Preparing the Balance-sheet.
Should I Treat it as a separate Branch & then consolidate the balance-sheet or just shown firm & a single firm balance-sheet.
Plz if anyone have detailed knowledge about it..
Plz reply me ASAP.
25 August 2011
Based on your books or accounting. if you want to see the profit& loss a/c and Balance sheet branchwise then prepare separately and consolidate
25 August 2011
THANX SIR FOR YOUR ADVICE
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